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Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals
Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.


OTCPK:KATFF - Post by User

Katanga Mining Ltd Ord > KAT revenue: copper $6347/t x $300,000=1.9 b
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Comment by Stevercanon Aug 02, 2017 7:58pm
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Post# 26540808

RE:RE:RE:RE:KAT revenue: copper $6347/t x $300,000=1.9 b

RE:RE:RE:RE:KAT revenue: copper $6347/t x $300,000=1.9 bIn addition, Glencore gets to write off any losses that incur as they must report the investment in Katanga at lower of cost or market. I suspect this might be one reason they are keeping the company public. Please recall JDS Fitel buying Uniphase. JDS did not loose that $5b in one year. They simply had the large loss in share value of Uniphase from the time they purchased the shares to the value of the listed shares in the next accounting period. That allowed them to have the loss.
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